Longxin concept stocks move in response to the trend. What is the logic behind the surge?

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[Caixin.com] Domestic DRAM leader Changxin Technology updated its IPO application materials for the STAR Market on May 17th, with performance far exceeding market expectations, and will be reviewed on May 27th. Another storage leader, Yangtze Memory Technologies, has also completed IPO guidance filing with the Hubei Securities Regulatory Bureau, and related concept stocks continue to be favored by the market.

Since May, leveraged funds have been highly concentrated in core targets of the AI and semiconductor industry chains, such as Zhongji Xuchuang (300308.SZ), Xin Yisheng (300502.SZ), leading optical module companies, Cambrian (688256.SH), and Haiguang Information (688041.SH), which have seen large capital inflows, reflecting a consistent preference for computing hardware. Among them, stocks in the storage industry chain performed particularly well, with Lankei Technology (688008.SH), GigaDevice (603986.SH), and Byte Storage (688525.SH) all ranking at the top, echoing the main industry trend of the tech sector. Among optical module leaders, Zhongji Xuchuang, benefiting from recent capital inflows, recently surpassed Ping An of China to become the stock with the largest net inflow of leveraged funds this year.

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